The real estate market is truly a product of supply and demand.  The changes in supply ad demand crate what is referred to as a Buyer's or a Seler's market.  The absorption rate is often used as a measur of what is currently being experienced in the real estate market.  Absorption rates below 6 are generally considered a sellers market and above 6.5 is a buyer's market.  The absorption rate calculates how long it would take the market to absorb or sell all the homes currently for sale at the current sales price.  For the month of Feb 09 in Warrick county the average sales price was $158,246, the aveage days on market, the average days on market was 138, the list to sell ratio was 94.2%, 43 homes sold, there were 444 homes in inventory and the absorption rate was 10.3 months.  Having said that, there are homes that are selling the day they hit the market.  The homes that are flying off the shelf are deals and diamonds.  The homes that are listed below market value, bank properties and sold as is properties.  These homes seem to be getting multiple bids.  Also homes that are priced right on that show like a diamond.  These homes seem to get a lot of activity and sell very quickly.